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|Welcome from the Chair|||
|---|---|---|
|Welcome from the Chief|Executive|4|
|Our philosophy|||
|Our strategy|||
|Annual review|||
|Governance,
structure
and||32|
|accountability|||
|Streamline
Energy and|Carbon|34|
|Reporting (SECR)|||
|Quantification
and||35|
|reporting methodology|||
|Board ofGovernors'||36|
|responsibilities|||
|Review ofBACP's financial||38|
|position|||
|Strategic report||39|
|Description ofprincipal|risks|40|
|and uncertainties|||
|Independent
auditor's report||41|
|Consolidated
statement|of|46|
|financial activities|||
|Consolidated
balance sheet||47|
|Balance sheet||48|
|Consolidated
cashflow||49|
|statement|||
|Notes tofinancial statements||50|
|Professional advisers|||
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|Governor|Period ofOffice|Governance|Committee|role|
|---|---|---|---|---|
|Natalie Bailey|Elected 24/11/16|Remuneration|and Governance—||
|Chair|Elected Chair 7/11/19|Chair (from 7/11/19)|||
|Caryl Sibbett|Elected 14/11/11|Remuneration|and Governance—||
|Deputy Chair|Re-elected 21/11/14|Committee
member|||
|(until 4/12/20)|Re-elected 16/11/17|Membership|and Professional||
||Elected De
u
Chair 16/11/17|Standards
—Committee||member|
|Mhairi Thurston|Elected 14/11/11|Research Committee —Chair|||
|(until 4/12/20)|Re-elected 21/11/14||||
||Re-elected 16/11/17||||
|Van essa Stirum|Co-opted 4/3/16|Audit,
Risl& and Performance —Chair|||
||Appointed
24/11/16|Remuneration|and Governance—||
||Re-appointed
7/11/2019|Committee
member|||
|Andrew
Kinder|Co-opted 24/3/17||||
|(until 4/12/20)|Appointed
16/11/17||||
|Una Cavanagh|Elected 16/11/17|Membership|and Professional||
|(until 5/11/20)||Standards —Chair|||
|)ulie May|Elected 16/11/18||||
|Val Elliott|Co-opted 01/06/2018|Finance and|Policy —Chair||
|(until 2/8/202 1)|Appointed
16/11/18||||
|Moira Sibbald|Co-opted 01/06/2018|Public Protection —Chair|||
|(until 30/7/2021)|Appointed
16/11/18|Remuneration|and Governance—||
|||Committee
member|||
|Heather Roberts|Elected 7/11/19|Remuneration|and Governance—||
|(until 30/7/2021)||Committee
member|||
|Neela Masani|Elected 7/11/19||||
|(until 30/7/2021)|||||
|Sekinat Adima|Elected 4/12/20||||
|Michael Golding|Elected 4/12/20||||
|Kate Smith|Elected 4/12/20||||
##
|BACPPresid|ents|
|---|---|
|,President|Vice Presidents|
|David Weaver|Professor Dame Sue Bailey|
||Luciana Berger|
||)abeer Butt OBE|
||)ohn Cowley|
||Nancy Rowland|
||)ulia Samuel MBE|
##
||||Consumption|EmissionsI|
|---|---|---|---|---|
||||KWh|tCO2e[|
|Scope 1|CashOil etc||n/a||
||Company
Cars||n/a||
|Scope 2|Electricity||122752|28.618|
|Scope 3|Transport
—Air||n/a|0.000|
||Transport
- Rail||n/a|0.026|
||Transport
—Car||n/a|0.184|
||Transmission
Er Distribution|of Electricity|122752|2.461|
||Water Treatment||n/a|0.438|
|Total|||122752|31.728|
|Full time|equivalent
staff ("FTE")|||108|
|Intensity|ratio (tCO2e per FTE)|||0.294|
##
##
##
##
##
##
##
##
##
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Dr Hadyn|Williams||Chief Executive||Membership
ofBACP|||||
|Fiona Ballantine||Dykes|Chief Professional
Standards
Officer and
Deputy Chief Executive||We offer the categories of membership
below. The members
ofthese categories
also members
ofthe company
and have||||listed
are|
|Chelsea Shelley|||Chief Operations|and|full voting rights:|||||
||||Membership
Officer||~
Student
Member|||||
|Martin Bell|||Head of Policy and||~
Individual
Member|||||
||||Public Affairs|||||||
||||(from 1/10/2020)||~
Registered
Member
(MBACP)|||||
||||Deputy
Head of Policy||~
Registered
Accredited
Member||(MBACP Accred|||
||||and Public Affairs|||||||
|Steve Cantell|||(until 30/9/2020)
Head of ICT||~
Registered
Senior Accredited
Member
(MBACP
Snr Accred)|||||
||||(until 31/8/2020)||~
Retired Member|||||
|Christina|Docchar||Registrar||~
Organisational
Member|||||
|Grace Gardiner|||Head of Member
Services||Volunteers|||||
||||(from 6/7/2020)||We're hugely grateful to the many||volunteers|||
|Caroline 3esper|||Head of Professional||who support
us by serving on|our|divisions,|||
||||Standards||committees,
expert reference|groups,||forums,||
||||(from 6/4/2020)||worl&ing groups
and as peer reviewers|||and media||
|Suky Kaur|||Head of Stal&eholder||spol&espersons.
Thanl& you for|your|continued|||
||||Relations||and significant
contribution
to our||success—|||
||||(from 1/10/2020)||your dedication,
commitment,|passion||and hard||
||||Head of Policy and||worl& allow us to better serve|our members||||
||||Stal&eholder
Relations||and stal&eholders;
to promote|the counselling||||
||||(until 30/9/2020)||professions
effectively
and to|support||our vision:||
|Suzanne O' Neill|||Head of||counselling
changes
lives.|||||
||||Communications|||||||
||||(until 12/6/2020)|||||||
|Adam Pollard|||Head of Marl&eting|||||||
||||and Engagement|||||||
||||(from 6/7/2020)|||||||
|Richard Smith|||Head of Operations|||||||
||||(from 1/6/2020)|||||||
||||Deputy
Head of|||||||
||||Member Services|||||||
||||(until 31/5/2020)|||||||
|Dr Clare Symons|||Head of Research|||||||
##
##
|Total reserves:|||E6,705,u 5|
|---|---|---|---|
|Less:||||
|Restricted funds|||Eo|
|Designated
funds|||fo|
|(that have been committed)||||
|Property
revaluation|reserve||E6S,ooo|
|Tangible and intangible||fixed assets'"|F405,580|
|Capital commitments|||fo|
|Sub total|||f6,234,565|
|Less identified
risl&s|||f272,492|
|Free reserves|||E5,962,073|
|'excluding
administrative||land and buildings,||
|which are considered|to|be disposable||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Unrestricted|||Unrestricted|Unrestricted||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||general|designated|Restricted|Total|general|designated|Restricted|Total||
||||funds|funds|funds|2021|funds|funds|funds|2020|'|
|||Notes|E|E||E|E|E|E|E'||
|Income from:||||||||||||
|Donations|||955|||955|1,999|||1,999||
|Charitable
activities||3|9,316,114|||9,316,114|8,688,980|||8,688,980||
|Trading activities||5|624,152|||624,152|593,802|||593,802||
|investment
income||6|47,785|||47,785|61,577|||61,577||
|Other income|||27.225|||27,225|11,013|||11,013||
|TOTAL INCOME|||10,016,231|||10,016,231|9,357.371|||9.357,371||
|Expenditure
on:||||||||||||
|Raising funds||6|25,898|||25,898|21,673|||21,673||
|Trading activities||5|363,756|||363,756|458,648|||458,648||
|Charitable
activities||4|8,382,709|||8,382,709|8,213,737|35,308||8,249,045||
|TOTAL EXPENDITURE|||8,772,363|||8,772,363|8,694,058|35,308||8,729,366||
|NET INCOME/(EXPENDITURE)|||1,243,868|||1,243,868|663,313|(35,308)||628,005||
|BEFOREGAINS AND LOSSES||||||||||||
|ON INVESTMENTS||||||||||||
|Net (Losses)/Gains|on|15|403,814|||403,814|(130,441)|||(130,441)||
|investments||||||||||||
|NET INCOME/(EXPENDITURE)|||1,647,682|||1,647,682|532,872|(35,308)||497,564||
|FOR THE YEAR||||||||||||
|Transfers between|Funds|16||||||||||
|Other recognised
gains/||||||||||||
|(losses):||||||||||||
|Gains/(losses)
on revaluation||9|||||, (705.500)|||(705.500)||
|offixed assets||||||||||||
|NET MOVEMENT
IN|FUNDS||1,647,682|||1,647,682|(172,628)|(35,308)||(207,936)||
|Reconciliation ofFunds:||||||||||||
|TOTAL Funds Brought|||5.057,463|||5,057,463|5,230,091|35,308||5,265,399||
|Forward at31March 2020||||||||||||
|TOTAL Funds Carried||18|6,705,145|||6,705,145|5,057,463|||5,057,463||
|Forward at31March 2021||||||||||||
##
|||||2021|2021|2020|2020|
|---|---|---|---|---|---|---|---|
||||Notes|E|E|E|E|
|FIXEDASSETS:||||||||
|Tangible assets||||2,547,546||2,520,994||
|Intangible
assets|||10|340,534||442,746||
|Investments||||3,121,161||1,947,664||
||||||6.009,241||4,911,404|
|CURRENTASSETS:||||||||
|Stocks||||||||
|Debtors|||12|2,298,912||2,044,485||
|Fixed term deposits||||250.640||1,500,000||
|Cash at bank and in||hand||3,504,259||1,447,798||
|||||6,053,811||4,992,283||
|CREDITORS: Amounts||falling due within one year|13|5,357,907||4,846,224||
|NET CURRENT ASSETS/(LIABILITIES)|||||695,904||146.059|
|NET ASSETS|||||6,705,145||5.057.463|
|RESTRICTED FUNDS|||16|||||
|UNRESTRICTED FUNDS:||||||||
|General income fund|||18|6,640,145||4,992,463||
|Designated
funds|||16|||||
|Property
revaluation||reserve|14|65,000||65,000||
|Total Unrestricted|Funds||||6,705,145||5,057,463|
|TOTAL FUNDS|||||6,705,145||5,057,463|
##
##
|||||2021|2021|2020|2020||
|---|---|---|---|---|---|---|---|---|
||||Notes|E|E|E|E|I|
|FIXEDASSETS:|||||||||
|Tangible assets||||2,547,546||2,520,994|||
|Intangible
assets|||10|340,534||442,746|||
|Investments||||3,121,161||1,947,664|||
||||||6,009,241||4,911,404||
|CURRENT ASSETS:|||||||||
|Stocks|||||||||
|Debtors|||12|2,513,821||2,057,181|||
|Fixed term deposits||||250,640||1,500,000|||
|Cash at bank and in hand||||3,239.397||1.413.934|||
|||||6,003,858||4,971,115|||
|CREDITORS: Amounts||falling due|13|5,308,950||4,825,759|||
|within one year|||||||||
|NET CURRENT ASSETS/(LIABILITIES)|||||694,908||145.356||
|NET ASSETS|||||6,704,149||5,056,760||
|RESTRICTED FUNDS|||16||||||
|UNRESTRICTED FUNDS:|||||||||
|General income fund||||6,639,149||4,991,760|||
|Designated
Funds|||16||||||
|Property
revaluation||reserve|14|65,000||65,000|||
|Total Unrestricted|Funds||||6,704.149||5,056,760||
|TOTAL FUNDS|||||6.704.149||s,os6.76o||
##
##
##
##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||||E|E|
|Net cash (used in)/provided
by operating||activities|||1,777,518|1,331,970|
|Cash Rows from investing activities:|||||||
|Dividends
and interest
from investments|||||47.785|61,577|
|Additional
cash invested
in investment|fund||||(75o,ooo)||
|Purchase of property
and equipment|||||(64,186)|(8,634)|
|Purchase of intangible
assets|||||(184,333)|(352,138)|
|Proceeds from sale of investments|||||754,507|475,793|
|Purchase of investments|||||(1,035,837)|(326,525)|
|Net cash provided
by (used in) investing||activities|||(1,232,064)|(149,927)|
|Change in cash and cash equivalents|in the reporting||period||545,454|1,182,043|
|Cash and cash equivalents
atthe beginning ofthe reporting||||period|3,265,381|2,083,338|
|Cash and cash equivalents
atthe end|of|the reporting|period||3,810,835|3,265,381|
||||||2021|2020|
||||||E|E|
|Net movement
in funds for the reporting||period (as per the statement|||1,647,682|(207,936)|
|ofRnancial activities)|||||||
|Adjustments
for:|||||||
|Depreciation|||||37,634|89,441|
|Amortisation|||||286.544|397,941|
|Property
Revaluation
(Gains)/Losses||||||705,500|
|Losses/(Gains)
on investments|||||(403,814)|130,441|
|Dividends
and interest
from investments|||||(47,785)|(61,577)|
|Losses on sale offixed assets|||||||
|(Increase)/Decrease
in stock||||||2,879|
|Increase
in debtors|||||(254,426)|93,704|
|(Increase)/Decrease
in creditors|||||511,683|181,577|
|NET CASH PROVIDED BY(USED IN) OPERATING ACTIVITIES|||||1,777,518|1,331,970|
||||||2021|2020|
||||||E|E|
|Cash in hand|||||3,504,259|1,447,798|
|Fixed term deposits|||||250.640|1,500,000|
|Cash held in investments|||||55,936|317,583|
|Total cash and cash equivalents|||||3,810,835|3,265,381|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|tangible
|fixed assets|, over their estimated|useful lives as fol|lows:||
|---|---|---|---|---|---|
|Freehold|property||not provided|||
|Computer|equipment|and accessories|33/o per annum|-straight|line basis|
|Office furniture
and||equipment|20/o per annum|-straight|line basis|
##
##
##
##
##
##
##
##
##
|3.Inco|me from charitable activities|||
|---|---|---|---|
|||2021|2020|
|||E|E|
|Membership|Subscriptions|8,367,323|7,804,414|
|Income from|Publications|648,382|523,682|
|Accreditation||300,292|244,908|
|Conferences|and Events|117|115,976|
|Total Group||9,316,114|8,688,980|
##
##
|||New||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||Projects and|Representing||||||||2020|
|||programmes
f|the Profession|Register
f|Research
f|Governance
f|Designated|f|Restricted
f|2021Total
f|Total|
|STAFF COSTS||||||||||||
|Staff and Contractors||880,094|1,962,443|557,915|259,491|88,134||||3,748,077|3,813,745|
|Restructuring||||||||||||
|||880,094|1,962,443|557,915|259,491|88,134||||3,748,077|3,813,745|
|OTHER DIRECT COSTS||||||||||||
|Office Expenses||28,164|122,100|15,397|11,499|943||||178,103|144,582|
|Recruitment
and||7,155|1,318|3,135||25||||11,633|32,409|
|Staff Costs||||||||||||
|Travel and Committees||7,488|2,825|37|215|3.436||||14,001|163,762|
|Annual
General Meeting||||||31,778||||31,778|25,435|
|Information
Technology||151,182|175,065|||||||326,247|2,850|
|Events||14,137|31,457|||||||45,594|80,128|
|Projects||114,786|12,594|100,780||||||228,160|198,790|
|Bursaries||41,904|||3,562|||||45.466|37,160|
|Property
Running|Costs|19,079|337|||||||19,416|5,870|
|Professional
Fees|||13,030|20,067||38,528||||71,625|55,767|
|Auditors
Remuneration||||||15,250||||15,250|12,750|
|)ournals and||210|1,041,797||73,174|||||1,115,181|1,037,773|
|Publications||||||||||||
|Hearings||73,450||65,143||||||138,593|92,170|
|Research||38,201|||1,750|||||39,951|36,318|
|TOTAL DIRECT COSTS||1,375,850|3,362,966|762,474|349,691|178,094||||6,029,075|5.739.509|
|SUPPORT COSTS||||||||||||
|Office Expenses||142,959|349,431|79,225|36,335|||||607,950|814,135|
|Recruitment
and||15,312|37,428|8,486|3,892|||||65,118|68,870|
|Staff Costs||||||||||||
|Traveland
Committees||30|73|17|8|||||128|1,077|
|Staff and Contractors||274,042|669,835|151,870|69,651|||||1,165,398|1,297,984|
|Restructuring||52,168|127,515|28,911|13,259|||||221,853||
|Information
Technology||46,368|113.337|25,696|11,785|||||197,186|210,488|
|Property
Running|Costs|17,524|42,832|9,711|4,454|||||74,521|88,285|
|Professional
Fees||5,051|12,346|2,799|1,284|||||21,480|28,697|
|||553,454|1,352,797|306,715|140,668|||||2,353,634|2,509,536|
|Reallocation of||41,879|102,363|23,208|10,644|(178,094)||||||
|Governance
costs||||I||||||||
|TOTAL SUPPORT AND||595,333|1,I455,160|329,923|151,312|(178,094)||||2,353,634|2,509.536|
|GOVERNANCE COSTS||||||||||||
|TOTAL COSTS||1,971,183|4.818,126|1,092,396|501.003|||||8,382,709|8,249,045|
##
|||||||BACP|BACP|
|---|---|---|---|---|---|---|---|
|||||||Enterprises|Enterprises|
|||||||Limited|Limited|
|||||||2021|2020|
||||||||E|
|Turnover||||||624,152|593,802|
|Administrative|expenses|||||(363,756)|(458,648)|
|Net profit||||||260,396|135,154|
|Amount gifted||||||(260,101)|(135.154)|
|Retained
profit|brought forward|||||(295)|(295)|
|Retained profit||||||(0)|(295)|
|The assets and|liabilities||ofthe|subsidiaries|were:|||
|Current assets||||||49,953|92,840|
|Creditors: amounts||falling due within one year||||(48.953)|(92,135)|
|Tota I net assets||||||1,000|705|
|Aggregate share capital|||and reserves|||1,000|705|
|6.Investment|||income|||||
|||||||2021|2020|
|||||||E|E|
|INVESTMENT INCOME||||||||
|Interest receivable||||||26|3,259|
|Dividends
and other investment||||income||47,759|58,318|
|||||||47,785|61,577|
|Cost ofraising|funds:|||||||
|Fund management||charges||||25,898|21,673|
##
||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
|The average
number|ofemployees||(including|part-time|staff)|by activity during the year was:|||
|Support Services|||||||16|22|
|New Projects and Programmes|||||||17||
|Representing
the Profession|||||||47|51|
|Governance|||||||||
|BACP Registers|||||||13||
|Research|||||||||
|Enterprises|||||||||
||||||||108|114|
||||||||2021|2020'|
|The number ofemployees||earning|over E60,000 per annum|||was as follows:|||
|E60,001 - E70,000|||||||||
|E70,001 - E80.000|||||||||
|E80,001 - E90,000|||||||||
|E90,001 - E100,000|||||||||
|E100,001 - E110,000|||||||||
|E110,001 - E120,000|||||||||
|E120,001 - E130,000|||||||||
|E130,001 - E140,000|||||||||
||||2021|2020|
|---|---|---|---|---|
||||E|E|
|The aggregate|payroll costs amounted|to:|||
|Wages and salaries|||4,316,640|4,457,829|
|Social security|costs||387,801|401,625|
|Other pension|costs||206,514|213,753|
|Death in service|||25,760|26,063|
||||4,936,715|5,099,270|
##
||||||The Group||The Company||
|---|---|---|---|---|---|---|---|---|
|||||2021||2020|2021|2020|
|||||E||E|E|E|
|Relating|to|audit services||17,500||16,250|15,250|12,750|
|Relating|to|non-audit|services|3,775||5,000|2,500|5,000|
|||||21,275||21,250|17,750|17,750|
##
##
||||||Computer
equipment 8|Office
furniture
6r|Freehold||
|---|---|---|---|---|---|---|---|---|
||||||accessories
E|equipmentf|propertyf|Totali
fr|
|Cost|||||||||
|At 1April 2020|||||398,819|89,169|2,482.500|2.970,488|
|Additions|||||64,186|||64,186|
|Disposals|||||(305,434)|(78,583)||(384,017)|
|Revaluation|||||||||
|At 31st March 2021|||||157,571|10.586|2,482,500|2,650.657|
|Depredation|||||||||
|At 1April 2020|||||360,920|88,574||449,494|
|Charge for the|year||||37,385|249||37,634|
|Disposals|||||(305,434)|(78,583)||(384,017)|
|At 31st March 2021|||||92,871|10,240||103,111|
|Net book value|||||||||
|At31March 2021|||||64,700|346|2,482,500|2.547,546|
|At 31March 2020|||||37.899|595|2.482,500|2,520,994|
|Cost/Valuation|at 31March 2021 is represented|||by:|||||
||||||Computer
equipment 8|Oflice
furniture
&|Freehold||
||||||accessoriesf|equipment|propertyf|Total'|
|Cost|||||157,571|10,586||168,157|
|Build Cost|||||||1,767,310|1,767,310|
|Fit Out and Professional|||Costs||||767,166|767,166|
|Purchase Cost|||||||350.000|350,000|
||||||157,571|10,586|2,884,476|3,052,633|
|Surplus on valuation||in 2007|||||65,524|65,524|
|Surplus on valuation||in 2013|||||200,000|200,000|
|Surplus on valuation||in 2014|||||38,000|38,000|
|Deficit on valuation||in 2019|||||(70S,S00)|(70S,S00)|
||||||157,571|10,586|2.482.500|2.650,657|
|Ifthe freehold|properties||had not been revalued||||||
|they would
have been included at the following||||historical cost:|||||
||||||||2021|2020|
||||||||E|f|
|Cost|||||||2,884,476|2,884,476|
##
|10.Intangible assets|||||
|---|---|---|---|---|
||Database
Er|Purchased|||
||Website Costs|Software|Total|(
i|
||E|.f|&(||
|Cost|||||
|At 1April 2020|1,306,120|70,273|1,376.393||
|Additions|173,333|11,000|184,333||
|Disposals|(598,944)|(4S,812)|(644.756)||
|Revaluation|||||
|At 31st March 2021|880,509|35,461|915,970||
|Amortisation|||||
|At 1April 2020|895,813|37,834|933,647||
|Charge for the year|261,348|25,196|286,544||
|Disposals|(598,944)|(45,811)|(644,755)||
|At 31st March 2021|558,217|17,219|575,436||
|Net book value|||||
|At31March 2021|322,292|18,242|340.534||
|At 31March 2020|410,307|32,439|442,746||
##
##
|||||||||||2021f|2020
E|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Market value||||||||||||
|Opening|market value|||||||||1,630,071|1,909,780|
|Additional||cash invested||in investment||fund||||750,000||
|Additions||||||||||1,035,837|326,525|
|Disposats||at opening|market value|||||||(754,507)|(475,793)|
|||||||||||2,661,401|1,760,512|
|Unrealised||(toss)/profit||on investments||||||403,814|(130,441)|
|At 31March 2021||||||||||3,065,215|1,630,071|
|Cash held||by Investment||Managers||||||55,936|317.583|
|||||||||||3,121,151|1,947,654|
|Shares in||property
management|||service|company|relating to freehold|property|in Lutterworth|10|10|
|||||||||||3,121,161|1,947,664|
|||2021f|2020
E|
|---|---|---|---|
|Investments|at market value comprised:|||
|Fixed interest|securities|805,866|544,763|
|Equities||1,753,913|851,772|
|Property||505,436|233,536|
|||3.065.215|1.630,071|
##
##
||||||||||The Group|The Group||The Company|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||2021||2020|2021|2020|
|||||||||E|||E|E|
|Trade debtors||||||||1,952,555|1,856,026||1,914,813|1,856,019|
|Amount
owed|from|||subsidiaries:|||||||278,855|69,935|
|—BACP Enterprises||||Limited|||||||||
|Other debtors||||||||43,984||58,393|17,780|1,161|
|Prepayments||||||||302,373||130,066|302,373|130,066|
|||||||||2,298,912|2,044,485||2,513,821|2,057,181|
|13.Creditors:|||||amounts|||falling due within one|year||||
||||||||||The Group||The|Company|
|||||||||2021
E||2020f|2021f|2020
E|
|Trade creditors||||||||228.897||168,174|228,893|168,141|
|Amount
owed|to||subsidiaries:||||||||||
|—BACP Enterprises||||Limited|||||||||
|socialsecurity||and||othertaxes||||98,501||129,853|81,456|131,590|
|Accruals||||||||380.844||339,049|362,927|325,237|
|Deferred
income||||||||13,991||8,357|||
|||||||||722,233||645,433|673,276|624,968|
|Membership
and|||United||Kingdom||register|4,138,672|3,807,717||4,138,672|3,807,717|
|fees in advance|||||||||||||
|Other subscriptions||||received||in advance||497,002||393,074|497,002|393,074|
|||||||||5,357.907|4,846,224||5,308,950|4,825,759|
|Deferred income|||||||||||||
||||||||||||Group|Company|
||||||||||||2021|2021|
||||||||||||E|E|
|Brought forward|||at|1April 2019|||||||139,936||
|Released during|||year||||||||39,163||
|Total invoiced|in||year||||||||114,764||
|Carried forward||at 31March 2020|||||||||(13,991)||
|Total income in||year|||||||||139,936||
##
|14.|R|ev|al|ua|tio|n
reserve|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||The|Croup||The|Company|
||||||||2021||2020|2021||2020|
||||||||||f|||E|
|Refer|to|note|9|for|full|details.|65,000||65,000|65,000||65,000|
||||||||65,000||65,000|65,000||65,000|
##
|The general|income fund balance includes the unrealised|income fund balance includes the unrealised|income fund balance includes the unrealised|investment|reserve as follows:|||
|---|---|---|---|---|---|---|---|
|||||||2021f|2020|
|Unrealised|gains at 31March 2020|||||(38,456)|100,698|
|(Cains)/Losses
realised||on investments|against market value at 31March 2020|||(60,003)|(19,702)|
|||||||(98,459)|80,996|
|Unrealised|gains/(losses)|for the year||||403,814|(119,452)|
|Unrealised|gains at31|March 2021||||305,355|(38,456)|
##
|Research|Insurance||||
|---|---|---|---|---|
|Fund|Fund
f|Restricted|Funds
E|Totalf|
##
|17.R|elated parties||||
|---|---|---|---|---|
|Agreement|to pay for the Chair's, Deputy Chair's and Governors'|time was sought from and agreed|by the Charity Commission.||
||||2021|2020|
||||E|E|
|A Reeves,|(Chair person 2019/20)|||3,465|
|C Sibbett,|(Deputy Chair person 2019/20)|||819|
|N Bailey. (Chair person 2020/21)|||9.690||
##
|18.Analysis ofgroup|net assets betw|een fund|s||
|---|---|---|---|---|
||Generalf|Designatedf|Restrictedf|Totalf|
|Tangible Assets|2,455,994|||2,455,994|
|Intangible
Assets|442,746|||442,746|
|Investments|1,947,664|||1,947,664|
|Net Current
(Liabilities)/Assets|146,059|||146,059|
||4,992,463|||4,992,463|
|Revaluation
Reserve|65,000|||65,000|
|As ot31March 2020|5,057,463|||5,057,463|
|Tangible Assets|2,482,546|||2,482,546|
|Intangible
Assets|340,534|||340,534|
|Investments|3,121,161|||3,121,161|
|Net Current (Liabilities)/Assets|695,904|||695,904|
||6,640,145|||6,640,145|
|Revaluation
Reserve|65,000|||65,000|
|Asat31March 2021|6,705,145|||6,705,145|
##
##
##
##
##
##